Meme Training Manual: Rebirth: I Want to Be a Diamond Hand (Final Chapter)

原创 | Odaily星球日报（ @OdailyChina )

作者｜南栀（ @Assassin_Malvo )

63 days have passed since the first article Meme Cultivation Manual: Rebirth of Diamond Hands was released on October 8. The author shared with readers the iterative ideas and processes of the address evaluation system through 5 articles. At present, it is close to perfection in finding suitable copycat objects, and there is not much room for improvement. However, copycat is not only about finding smart addresses , but also requires continuous iteration and evolution of copycat system parameters and address libraries . In this article, the author will share with readers what ways there are besides the techniques of finding addresses.

Timing ability

The buying window of Meme tokens is usually very short. The high or low point reflects the short-term ability of the address. In addition to this ability, there is a larger factor – the ability to choose the right time . Meme also has periods of prosperity and decline. There are times when you can make money by buying with your eyes closed, and there are also periods when there is no market at all. When selecting addresses, the author will focus on what period the addresss most profitable and loss-making tokens come from, such as the big truck market brought by BOME in March, the first spring of Pump in April, or the MOODENG zoo market period. At the same time, it is necessary to pay attention to whether the address is still struggling to lose money during the dry season .

Positive Case

The reason why the authors Copy Order No. 1 funds have no longer changed significantly is that the addresses with the highest profitability have all been dormant at their own discretion.

Here we disclose the strongest address in the previous copy trading system, 9nbbRHnqfktLo9bkKBpVM3pC3ZRLdphME43ht4argN7Q.

This address once bought ACT in the internal market, and made a floating profit of 1 million US dollars when the market value rose to 40 million US dollars that night, but did not make any sales operations until the community controversy became intense and the market value fell to 10 million US dollars.

According to GMGN data , this address is almost completely dormant. The author investigated that this address may belong to @The__Solstice . From its tweets, it can be seen that The__Solstice has turned to community building for a certain token and does not conduct PvP during the dry season.

(Note: In addition to being dormant, this address has had multiple tokens that have made more than $100,000 in profit but have not been sold at all, leading to losses. It is extremely difficult to follow orders. This is only an example of timing ability. It is not recommended to follow orders under the current market conditions.)

Bad examples

Another strongest address FKy2QyHNz2H7K8c4pZnifdP3ogrG4JujwNEB5bTzFEL3 is disclosed here. The apparent profit of this address in 30 days is 470,000 US dollars. In fact, its associated address 3QnBeoPMPB3H78WgJssep7rs3A8477LR2FhtwrnZoRie contains 1.7 million US dollars of ZEREBRO, 1.7 million US dollars of GOAT and a series of tokens. In addition, it has 2 self-copying addresses and 2 shipping addresses, and its profitability is extremely strong.

But why is it a negative example? The reason is that the address still adheres to the hoarding strategy in the hot market in October during the dry season, and has persisted in hoarding coins until they return to zero in the past two weeks. The author observed that the main account FKy has consumed SOL several times and supplemented it through transfers from the shipping account, and does not have the ability to choose the timing.

Copy trading is not like starting a company, but rather “cause and effect”

The current evaluation system has 28 parameters, which comprehensively evaluates the addresses. However, even if the addresses get high scores, their outstanding advantages may be completely different. Generally speaking, they make money in different ways, such as high-frequency chain scanning trial and error, tracking chain changes, mining the real Dev wallet of preheating projects, etc., but there is one thing in common – they can make a lot of money.

The company has core business and needs matching members to execute the business and make profits. If the employee is not suitable, he should be replaced. This perspective takes the company as the main body and regards employees as replaceable parts. However, the author believes that employees are the core, and the system should actively adapt to and cooperate with these excellent addresses.

具体来说， in the initial version, the author increases or decreases the copy amount of each address by counting how much profit or loss each copied address brings to the copy system. If it causes losses multiple times, the copy amount will drop below the threshold, and the address will be eliminated.

However, in the subsequent process, it was found that this idea might be incorrect. This method focuses on the system itself and ignores the basic element that the copy address is very profitable. If you believe in mean reversion, you should not reduce the amount after a loss, because the next time you make a profit, the copy amount will be reduced and you will not be able to make up for the loss.

In practice, the author believes that a reasonable tracking method should be to count the profit and loss of the copied address, rather than how much profit and loss it brings to the copy trading system. But what is the difference between the two?

The difference is that under normal circumstances, the operations of the copied address are not and cannot be completely copied. The not is reflected in the fact that market value restrictions will be imposed on the copy orders. For example, tokens greater than 5 million US dollars and tokens created more than 24 hours ago will no longer be followed for purchase. The cannot is due to the inevitable price differences caused by slippage and priority fees.

If the copied address is good at tracking hot spots in the internal market, but may not be able to trade on the chain due to the small internal market capacity (only 85 SOL), then the system should increase the slippage and increase the priority fee. Similarly, if the copied address is good at chasing highs with a market value of more than 5 million US dollars, then the system should raise the market value limit to match the other partys ability.

The author believes that the key to continuous operation is to continuously iterate to confirm the best object, confuse cause and effect, and adjust the system to a state that is suitable for the object .

Balance Tracking

The author simply wrote a program to track the asset value of the address, which can be used to review the amount of the copy trading system, and can also be used to track the value changes of the copy trading objects. For specific code, please see Github .

Off-topic: Coin Hoarding Address

When evaluating smart addresses, it was found that some top players have transferred coins to empty wallets to hoard coins, such as the early FWOG and michi, and the recent GOAT and ZEREBRO. In addition to these addresses not having SOL (empty wallets), other features of these wallets include no buying or selling records for all tokens, and holding a large number of high-value tokens.

Therefore, an idea was born: to reversely search these coin hoarding addresses to see what new coins these experts have hoarded and what coins they are hoarding collectively.

There is no need to use code to find such addresses. You can quickly query based on GMGN-token-holder data. Taking the ZEREBRO and 3Qn … addresses mentioned in the previous section as an example, you can directly see from the holder list that this address currently holds $1.7 million in ZEREBRO, the address balance is only 1 SOL, and there has never been a purchase record of this token.

附录

Previous related articles include:

Meme Training Manual: Rebirth: I Want to Be a Diamond Hand (I) , how to evaluate the intelligence level and copy trading value of a wallet at a macro level

模因训练手册：重生：我想当钻石手（下） , an upgraded version of the first part, further clarifies the evaluation method. Introduces the cut-follow-order coefficient

模因训练手册：重生：我想当钻石手（第三部分） , details on how to evaluate the smart moneys ability to buy at the bottom, the risk of losing money due to high-level FOMO, the ability to make a small profit with a big investment, the stop-loss style, and the degree of diamond hand

Meme Training Manual: Rebirth: I Want to Be a Diamond Hand (Part 4) , practical level, from what angle to observe and display smart money, how to decide the copy trading style

Meme Training Manual: 48-Day 24x Copy Trading System Ushers in a New Upgrade , integrating the evaluation system to form a complete automated evaluation system

Meme Cultivation Manual: I discovered the law of the golden time for the birth of God Plate , when is the golden dog most likely to appear in 24 hours

Meme Cultivation Manual: What early buyer characteristics are effective conditions for rising prices?

This article is sourced from the internet: Meme Training Manual: Rebirth: I Want to Be a Diamond Hand (Final Chapter)

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